<SEC-DOCUMENT>0001973379-25-000262.txt : 20250915
<SEC-HEADER>0001973379-25-000262.hdr.sgml : 20250915
<ACCEPTANCE-DATETIME>20250915072153
ACCESSION NUMBER:		0001973379-25-000262
CONFORMED SUBMISSION TYPE:	144
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20250915
DATE AS OF CHANGE:		20250915

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GDS Holdings Ltd
		CENTRAL INDEX KEY:			0001526125
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. [7370]
		ORGANIZATION NAME:           	06 Technology
		EIN:				000000000

	FILING VALUES:
		FORM TYPE:		144
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	001-37925
		FILM NUMBER:		251313167

	BUSINESS ADDRESS:	
		ADDRESS IS A NON US LOCATION: 	YES
		STREET 1:		F4/F5, BUILDING C, SUNLAND INTERNATIONAL
		STREET 2:		NO. 999 ZHOUHAI ROAD, PUDONG,
		CITY:			SHANGHAI
		PROVINCE COUNTRY:   	F4
		ZIP:			200137
		BUSINESS PHONE:		86-21-2029-2200

	MAIL ADDRESS:	
		ADDRESS IS A NON US LOCATION: 	YES
		STREET 1:		F4/F5, BUILDING C, SUNLAND INTERNATIONAL
		STREET 2:		NO. 999 ZHOUHAI ROAD, PUDONG,
		CITY:			SHANGHAI
		PROVINCE COUNTRY:   	F4
		ZIP:			200137

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	GDS Services Ltd
		DATE OF NAME CHANGE:	20110719

REPORTING-OWNER:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Liang Yan
		CENTRAL INDEX KEY:			0001972302
		ORGANIZATION NAME:           	

	FILING VALUES:
		FORM TYPE:		144

	MAIL ADDRESS:	
		STREET 1:		F4/F5, BUILDING C
		STREET 2:		SUNDLAND INTERNATIONAL, NO. 999 ZHOUHAI
		CITY:			PUDONG, SHANGHAI
		STATE:			F4
		ZIP:			200137
</SEC-HEADER>
<DOCUMENT>
<TYPE>144
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/ownership" xmlns:com="http://www.sec.gov/edgar/common">
  <headerData>
    <submissionType>144</submissionType>
    <filerInfo>
      <filer>
        <filerCredentials>
          <cik>0001972302</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>



    </filerInfo>
  </headerData>
  <formData>
    <issuerInfo>
      <issuerCik>0001526125</issuerCik>
      <issuerName>GDS Holdings Ltd</issuerName>
      <secFileNumber>001-37925</secFileNumber>
      <issuerAddress>
        <com:street1>F4/F5, BUILDING C, SUNLAND INTERNATIONAL</com:street1>
        <com:street2>NO. 999 ZHOUHAI ROAD, PUDONG,</com:street2>
        <com:city>SHANGHAI</com:city>
        <com:stateOrCountry>F4</com:stateOrCountry>
        <com:zipCode>200137</com:zipCode>
      </issuerAddress>
      <issuerContactPhone>86-21-2029-2200</issuerContactPhone>
      <nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>Liang Yan</nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>
      <relationshipsToIssuer>
        <relationshipToIssuer>Officer</relationshipToIssuer>
        <relationshipToIssuer>EVP</relationshipToIssuer>
      </relationshipsToIssuer>
    </issuerInfo>
    <securitiesInformation>
      <securitiesClassTitle>ORDINARY SHARES REPRESENTED BY ADS</securitiesClassTitle>
      <brokerOrMarketmakerDetails>
        <name>GEORGESON SECURITIES CORPORATION</name>
        <address>
          <com:street1>144 FERNWOOD AVE</com:street1>
          <com:city>EDISON</com:city>
          <com:stateOrCountry>NJ</com:stateOrCountry>
          <com:zipCode>08837</com:zipCode>
        </address>
      </brokerOrMarketmakerDetails>
      <noOfUnitsSold>5000</noOfUnitsSold>
      <aggregateMarketValue>191050.00</aggregateMarketValue>
      <noOfUnitsOutstanding>1665829316</noOfUnitsOutstanding>
      <approxSaleDate>09/15/2025</approxSaleDate>
      <securitiesExchangeName>NASDAQ</securitiesExchangeName>
    </securitiesInformation>
    <securitiesToBeSold>
      <securitiesClassTitle>ORDINARY SHARES REPRESENTED AS ADS</securitiesClassTitle>
      <acquiredDate>05/20/2022</acquiredDate>
      <natureOfAcquisitionTransaction>RESTRICTED SHARE UNITS RELEASE UNDER GDS INCENTIVE PLAN</natureOfAcquisitionTransaction>
      <nameOfPersonfromWhomAcquired>GDS HOLDINGS LIMITED</nameOfPersonfromWhomAcquired>
      <isGiftTransaction>N</isGiftTransaction>
      <amountOfSecuritiesAcquired>5000</amountOfSecuritiesAcquired>
      <paymentDate>09/15/2025</paymentDate>
      <natureOfPayment>SAME DAY SALE</natureOfPayment>
    </securitiesToBeSold>
    <nothingToReportFlagOnSecuritiesSoldInPast3Months>N</nothingToReportFlagOnSecuritiesSoldInPast3Months>
    <securitiesSoldInPast3Months>
      <sellerDetails>
        <name>LIANG YAN</name>
        <address>
          <com:street1>UNIT 1 35F EAST TOWER CHEUNG KONG CENTER</com:street1>
          <com:street2>10 HARCOURT ROAD</com:street2>
          <com:city>CENTRAL</com:city>
          <com:stateOrCountry>K3</com:stateOrCountry>
          <com:zipCode>20037</com:zipCode>
        </address>
      </sellerDetails>
      <securitiesClassTitle>ORDINARY SHARES REPRESENTED AS ADS</securitiesClassTitle>
      <saleDate>08/29/2025</saleDate>
      <amountOfSecuritiesSold>10000</amountOfSecuritiesSold>
      <grossProceeds>352291.00</grossProceeds>
    </securitiesSoldInPast3Months>
    <securitiesSoldInPast3Months>
      <sellerDetails>
        <name>LIANG YAN</name>
        <address>
          <com:street1>UNIT 1 35F EAST TOWER CHEUNG KONG CENTER</com:street1>
          <com:street2>10 HARCOURT RD</com:street2>
          <com:city>CENTRAL </com:city>
          <com:stateOrCountry>K3</com:stateOrCountry>
          <com:zipCode>20037</com:zipCode>
        </address>
      </sellerDetails>
      <securitiesClassTitle>ORDINARY SHARES REPRESENTED AS ADS</securitiesClassTitle>
      <saleDate>09/12/2025</saleDate>
      <amountOfSecuritiesSold>10000</amountOfSecuritiesSold>
      <grossProceeds>381747.00</grossProceeds>
    </securitiesSoldInPast3Months>
    <remarks>3 D BASED ON CLOSING PRICE ON SEP 12 25 OF 38.21 3 C BASED AS ADS 3 E NUMBER OF SHARES OR OTHER UNITS OUTSTANDING IS CLASS A ORDINARY SHARES
UNDER SECURITIES TO BE SOLD DATE ACQUIRED RANGE FROM MAY 20 2022 TO AUGUST 6 2024</remarks>
    <noticeSignature>
      <noticeDate>09/15/2025</noticeDate>
      <signature>CONFORMED SIGNATURE ON FILE</signature>
    </noticeSignature>
  </formData>
</edgarSubmission>
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</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
